abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

8 Mar 2017

Author:
Shawn Donnan, Financial Times (USA)

Honduran farmers accuse World Bank arm of ‘profiting from murder’

See all tags

A group of Honduran farmers embroiled in a long-running land rights dispute has accused the World Bank’s private sector arm of “knowingly profiting from the financing of murder” as it extended millions of dollars in loans to one of the country’s largest landowners...[L]awyers for the farmers accuse the International Finance Corporation and a subsidiary of wilfully turning a blind eye to the murder of more than 100 people...The killings and other attacks, they claim, were part of a campaign waged against farmers’ co-operatives by palm oil producer Dinant...as the IFC approved a controversial loan to the company and continued to finance it...[T]he plaintiffs...said they had brought the suit, which seeks damages “over $75,000”, out of fear and frustration at the continuing violence and their exhaustion of avenues of complaint with the IFC...A US judge last year rejected a lawsuit brought on behalf of affected people by campaign group EarthRights against the IFC over a $450m loan to a coal-fired power plant owned by a subsidiary of India’s Tata Group on the grounds that the IFC is covered by the US’s International Organisations Immunities Act...An IFC spokesman declined to comment on the lawsuit...